Commonwealth Bank Reports 3% Gain In Quarterly Cash Profit
Fox Business Thursday 17th May, 2012
SYDNEY – Commonwealth Bank of Australia (CBA.AU) on Thursday reported a 3% rise in cash profit in the third quarter of fiscal 2012, as subdued credit demand and high funding costs continued to eat into its profit margins.Cash profit--a smoothed measure more closely watched by investors--was A$1.75 billion in the period--up from A$1.7 billion in the same period a year ago, putting the bank on course for another record half year but still sli...
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